The arc of success powering Africa May 3, 2022 | Sponsored When ARC Power brought electricity to the Rwandan village of Rutobotobo in 2019, there were just 207 houses. Fast forward to today and Rutobotobo’s size has more than trebled with people having been attracted by reliable, cheap power and to a place where they can now successfully raise a family and start a business. As [...]
Johnson throws weight behind Arm IPO charm offensive May 3, 2022 Boris Johnson has thrown his weight behind attempts to woo British chipmaker Arm into floating in London, as parent company SoftBank looks set for a New York listing.
British factories lift prices at record pace as Ukraine war and China lockdowns send costs soaring May 3, 2022 Severe supply chain disruption caused by Beijing persisting with its zero-Covid tolerance policy and Russia’s war with Ukraine has sent British factories’ costs soaring at the quickest pace on record, reveals a closely watched survey released today. Shortages of raw materials and key components used by UK manufacturers due to normal trade flows being choked [...]
1 Minute Market Rundown – 3rd May 2022 May 3, 2022 | City Talk Equities Hold InCrypto Consolidates April ended as much of the year has been with risk firmly on the backfoot. It has been the worst start for the S&P since at least 1993. Crypto didn’t have the best month either with both BTC and ETH down over 16% for the month. The driving force has been [...]
European Defense M&A: Ready to take off? May 3, 2022 | City Talk European NATO members have often been criticized by the US for failing to meet their defense expenditure levels. But with the recent Ukraine conflict, is that all set to change? And how will this impact dense M&A in Europe? Under NATO guidelines, members are mandated to spend 2% of their annual economic output on defense. [...]
McColl’s shares to be suspended from LSE as accounts cannot be signed off by auditors May 3, 2022 Struggling convenience store business McColl’s is set to have its shares suspended from the London Stock Exchange as bosses said they would be unable to get its accounts signed off by auditors in time. The retailer has been in discussions with potential lenders to shore up the business, which struggled badly during the pandemic due [...]
John Lewis planning to lure hundreds of engineers as it plots big retail push online May 3, 2022 Retail giant the John Lewis Partnership is zooming in further on its online operations as it is planning to recruit for more than 150 roles in engineering and delivery driving. John Lewis, which also owns Waitrose supermarket, said its recruitment drive will help grow its online stores, which together have more than 55m visits a [...]
Finncap tops broker rankings amid intense market competition May 3, 2022 Mid-market advisory firm Finn Cap remains the top broker in the Broker AIM Client Rankings, despite losing nine customers.
Poor start of the month for global markets: April weakness rolls into May with China lockdowns not helping May 3, 2022 Asia markets got off to a poor start to the month yesterday, as did markets in Europe after the latest China PMIs showed that economic activity in April fell back by more than expected. Much was made of the slowdown in China manufacturing to 47.4 from 49.5, however non-manufacturing saw an even bigger fall, plunging [...]
Investors brace for more US Federal Reserve and Bank of England rate hikes May 3, 2022 Traders in the City and Wall Street are this week bracing for their respective central banks to push on with more rate hikes in response to a historic inflation crunch on either side of the pond. The US Federal Reserve and Bank of England announce their next interest rate decision tomorrow and Thursday respectively. Both [...]